McDonald's Heir Estate Leads $37M Palm Beach Sale
Key Takeaways
- •George Cohen estate sold Palm Beach waterfront mansion for $37.1 million.
- •Bal Harbour teardown property traded for $31 million after decades.
- •Miami Beach attorney paid $9.4 million for newly built home.
A waterfront estate connected to late McDonald's franchisee George Cohen commanded $37.1 million in Palm Beach, marking the region's highest residential transaction in recent weeks. Violet Hill Development Company Ltd., the entity linked to Cohen's estate, transferred the property at 614 Tarpon Way to Elland Properties LLC.
The mansion encompasses approximately 8,600 square feet and features six bedrooms plus seven and a half bathrooms. The sale included an adjacent lot that the estate also recently divested. Suzanne Frisbie of Corcoran Group handled the listing while Fern Fodiman from Sotheby's International Realty represented the purchasing party.
Bal Harbour witnessed another significant transaction as a trust connected to deceased homebuilder John Lang Looby sold 220 Bal Bay Drive for $31 million. The buyer, operating through a trust structure, acquired what brokers marketed as a teardown opportunity on nearly 21,000 square feet of land. The property had remained unsold since the 1970s before hitting the market in April with an asking price just below $30 million.
Monica Betancourt of Coldwell Banker managed the Bal Harbour listing, with Douglas Elliman's Dina Goldentayer representing the buyer. The same purchaser simultaneously acquired the neighboring residence for just under $29 million, according to recorded deeds.
Miami Beach saw attorney David Orta purchase 2145 North Meridian Avenue from Paul and Nicole D'Amore for $9.4 million. The newly constructed home, completed in 2024, measures 4,300 square feet with four bedrooms and five and a half bathrooms. Initially listed in February at $10.8 million, the property attracted Orta through Daniel Hertzberg at Coldwell Banker and Anna Sherrill of One Sotheby's International Realty.
Boca Raton contributed to the luxury market activity with the $8.4 million sale of 377 East Coconut Palm Road. Philip Bonadonna, who operates a construction company, sold the 6,400-square-foot residence to contractor Thomas Moraca. Built in 1996, the five-bedroom home includes seven and a half bathrooms and carried a final asking price approaching $9 million. Anthony Amoroso of Coldwell Banker listed the property while Summer Vanquelef from G1 Realty LLC facilitated the buyer's acquisition.
